Based in Denver, Colorado, IQNavigator’s vendor-neutral Managed Service
Programs (MSP) and robust SaaS services procurement platform enable companies
to better source, procure, manage and measure all categories of indirect
services. IQNavigator is an industry pioneer and innovator, the first company
to build a services procurement platform to support all categories of indirect
services on a global basis. With extensive domain expertise and innovative
technology solutions, IQNavigator helps its customers efficiently turn complex
services spend into a new source of value, competitive advantage and continuous
bottom-line improvement.
“This is a watershed event for both IQNavigator and our industry,
as this investment validates the high potential of the services procurement
market segment as well as IQNavigator’s leadership position,” said
John P. Raeder, Jr., President and CEO of IQNavigator. “Our market-leading
team and software solution are together generating incredible customer benefits
and also continually expanding the scope of services procurement.”
“We are excited to take part in this exceptional investment opportunity,” said
GTCR Principal Phil Canfield. “We look forward to working with John
and his talented team to contribute to the continued growth of the services
procurement leader. This agreement illustrates our investment philosophy
of partnering with proven management teams to build companies in attractive
industries through both organic growth and pursuit of selected acquisitions.”
Montgomery & Co. acted as exclusive financial advisor to IQNavigator in
connection with the transaction.
About GTCR
Founded in 1980, GTCR Golder Rauner, LLC is a leading private equity investment
firm and long-term strategic partner for outstanding management teams. The
Chicago-based firm pioneered the investment strategy of identifying and partnering
with exceptional executives to acquire and build companies through a combination
of acquisitions and strong internal growth. GTCR currently manages more than
$8 billion of equity capital invested in a wide range of companies and industries.
More information about GTCR can be found at www.gtcr.com.
About IQNavigator
IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company’s award-winning suite of integrated applications enable Global 2000 companies such as Charles Schwab, Entergy, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain control and visibility into their multi-million-dollar services procurement costs. With proven domain expertise and innovative technology solutions, IQNavigator can help customers quickly and easily turn complex services spend into a new source of value, competitive advantage, and continuous bottom-line improvement. For more information please visit www.iqnavigator.com.
